The corporate watchdog has filed criminal charges against four alleged ring leaders of a penny-stock pump-and-dump scheme run through the Telegram messaging app during the pandemic lockdown market mania.
The matter involving Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart was before the Downing Centre Local Court on Tuesday, but the four were not required to enter pleas.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
